EPFO to Auto Credit ₹1,000 PF Balances from Inactive Accounts; 1.33 Lakh Members to Benefit

New Delhi: In a major relief for EPF members, the Central Board of Trustees, EPF has approved a pilot project to automatically settle inoperative EPF accounts with balances of ₹1,000 or less.

The decision was taken during the 239th meeting of the CBT, aiming to help members receive long-pending small balances quickly without filing claims.

Direct Bank Credit Without Claims

Under the new initiative, the Employees' Provident Fund Organisation (EPFO) will directly transfer the balance to members’ Aadhaar-seeded and EPFO-linked bank accounts, eliminating the need for fresh applications or documentation.

Key Highlights

• Balance Limit: Up to ₹1,000 per account

• Accounts Covered: Around 1.33 lakh inactive accounts

• Total Amount: Nearly ₹5.68 crore

• Transfer Method: Direct bank credit to Aadhaar-linked accounts

Benefits for EPF Members

The initiative aims to:

• Speed up settlement of long-pending EPF balances

• Reduce procedural delays

• Improve EPFO database accuracy

• Enhance service delivery for members

The pilot project is expected to make it easier for members to access their funds while helping EPFO clear small inactive accounts efficiently.